Indian concession could be re-tendered

The government of the Indian state of Andhra Pradesh is reviewing the concession for the Machilipatnam port project that was awarded to the Maytas Infra-led consortium, given the failure to achieve financial closure. This requires investment of $328m, which should have been in place on April 21.

For the first six months, throughput rose by 3.2%, with four consecutive months of growth now recorded.

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